Udyam/MSME Registration
The terms "Udyam Registration" and "MSME Registration" essentially refer to the same process of registering Micro, Small, and Medium Enterprises in India. Udyam Registration is the current online system launched by the Ministry of Micro, Small and Medium Enterprises (MoMSME) on July 1, 2020, which replaced the previous Udyog Aadhaar Memorandum (UAM) registration. Therefore, when someone asks about Udyam/MSME registration, they are generally referring to the process of getting recognized as an MSME through the Udyam portal.
Here's a detailed overview of Udyam Registration:
What is Udyam Registration?
Udyam Registration is a free, paperless, and self-declaration-based online process for MSMEs to register themselves with the Indian government. Upon successful registration, an enterprise is assigned a unique identification number known as the Udyam Registration Number (URN) and receives an e-certificate called the "Udyam Registration Certificate." This registration provides MSMEs with a formal identity and enables them to access various benefits and schemes offered by the government.
Eligibility Criteria for Udyam Registration:
An entity is eligible for Udyam registration if it meets the following criteria as per the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006: